The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 6706/11-2 on the Gymir prospect. Well 6706/11-2 will be drilled from the Transocean Spitsbergen semisubmersible drilling rig after completing…
The Petroleum Bill and suite of associated regulations as well as a sovereign wealth bill have been put before the Bahamian House of Assembly for their second readings on 20 May, Bahamas Petroleum Co. announced. Image from Bahamas Petroleum…
Denmark headquartered Maersk Oil has made a hydrocarbon discovery on the high-pressure, high-temperature (HPHT) Xana-1X exploration in the Danish Sector of the North Sea. The Xana-1X well was drilled in license 9/95 in 68m water depth…
Italy is sitting on sizeable untapped gas resources, yet it still imports a large proportion of its gas. Elaine Maslin reports from the Offshore Mediterranean Conference, Ravenna. Bruno Lescoeur…
Premier Oil's Isobel Deep 14/20-1 well in the North Falkland Basin has been suspended and the blowout preventer (BOP) stack recovered after an equipment malfunction. Partner Rockhopper Exploration said Friday that, while repairs are carried out…
The Schahin Group filed for bankruptcy for its engineering unit as it seeks protection from creditors, according to news agency Bloomberg. Schahin holds 28 diversified companies and about US$2.12 billion in debt. However, Schahin’s oil and…
While the latest revisions to the terms for shallow water areas in Mexico’s first licensing round have increased the attractiveness of the production sharing agreement terms by improving the contractor’s upside potential, the benefits remain…
French supermajor Total is assessing development options for a new small gas discovery made in the Norwegian sector of the North Sea. The estimated 3-10 MMboe recoverable gas discovery was in exploration well 25/6-5 S, called Skirne East by Total and Shango by partner Faroe Petroleum…
Apache Energy’s Phoenix area off Western Australia is estimated to contain 48-232 MMbbl of contingent and prospective recoverable oil, according to an independent technical advisor. Map from Carnarvon…
Danish headquartered oil and gas explorer Maersk Oil has started production from Tyra Southeast-B in the Danish sector of the North Sea. The new 4700-tonne platform, 220km off Denmark’s west coast, will produce a mixture of oil and gas…
Drilling has started on the Roald Rygg well 6706/12-3 nearby the recently drilled Snedfrid North discovery in the Norwegian Sea. Statoil is drilling on Roald Rygg using the Transocean Spitsbergen semisubmersible drilling rig. Well…
The UK offshore industry’s new regulator is to be given powers to fine oil and gas producers up to £1 million, and potentially £5 million, and to revoke licenses, under certain circumstances, it has been announced. Under a string of new…
UK-based, Africa-focused explorer Bowleven completed its Etinde farm-out deal, netting an initial US$165 million cash. The deal comprised the sale of 30% and 10% interests in the Etinde Permit, offshore Cameroon, to Russian international independent LUKOIL and African explorer NewAge…
Total has spudded exploration well 25/6-55, named Shango by partner Faroe Petroleum, in license 627 (Skirne East) in the Norwegian North Sea. Shango is on the northern part of the Utsira High about 5km from the producing Skirne field…
Centrica has cut its exploration and budget 40% saying that it thinks oil prices will remain low for the rest of 2015 and potentially also into 2016 and 2017. The comments, made by the firm's CEO Iain Conn, echo BP CEO Bob Dudley's…
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